Comedian Byron Allen buys the Weather Channel for $300M
By Alexandra Steigrad
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| Byron Allen - WireImage |
The Weather Channel TV network was sold Thursday — to comedian-turned-media-mogul Byron Allen.
Allen’s Entertainment Studios Inc. bought the 36-year-old TV staple from the Blackstone Group, Bain Capital and Comcast.
Terms of the sale were not disclosed, but sources pegged the price at about $300 million.
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